Yeah, the SVHS converter from Amigamaniac is highly recommended. You can buy SVHS -> VGA box for another $20-25, they are plentiful on eBay and you're set for gaming/demo needs on a VGA monitor with A1200.
The thing with Indivision (apart from it being quite expensive) is that, as CommodoreMan said, it's not really a plug & play device, but rather plug & pray. I guess it isn't the manufacturer's fault, but the way it works - being stuck on top of a chip inside the Amiga that isn't designed for it in the first place - may cause (and often does based on the reports) a lot of issues with heat, mobo revisions etc. When it works fine it is a very good device that even allows you to run WB in 1024x768. When you're out of luck and encounter one of the issues it still usually works OK for lower res stuff - games/demos, but then you're really better off with Amigamaniac's solution which is significantly cheaper and the image quality is certainly comparable. As I said it's nice product, but it's not the second coming that many make it out to be and there are other options if you're okay with WB in Pal/NTSC Hires Laced and games/demos.... I for one prefer external solution, too.